Mutual Advisors LLC Sells 1,246 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual Advisors LLC cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 45.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,469 shares of the company's stock after selling 1,246 shares during the quarter. Mutual Advisors LLC's holdings in Royal Caribbean Cruises were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RCL. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Royal Caribbean Cruises by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock valued at $470,000 after buying an additional 39 shares during the last quarter. Ostrum Asset Management lifted its holdings in shares of Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after buying an additional 40 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 1.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock valued at $630,000 after buying an additional 42 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock valued at $438,000 after buying an additional 52 shares during the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 5.4% during the 1st quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock valued at $212,000 after buying an additional 53 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $2.83 during trading on Friday, hitting $338.53. 2,279,393 shares of the stock were exchanged, compared to its average volume of 2,363,176. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $342.56. The company has a market capitalization of $91.93 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 0.99 and a beta of 2.17. The company's fifty day simple moving average is $270.38 and its 200-day simple moving average is $241.63. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. Royal Caribbean Cruises's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.89%. Royal Caribbean Cruises's dividend payout ratio is 24.92%.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RCL shares. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Jefferies Financial Group raised their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday. Finally, Susquehanna cut their price objective on Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $293.90.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.